Dole Q2 revenue rises 2.9%, but higher costs drag Adjusted EBITDA down 14.8%; port sale closes
DOLE is trading near its 52-week low of $12.52 (7.8% above the low).
Summary
Dole plc posted Q2 2026 revenue of $2.5 billion, a 2.9% year-over-year increase, but Adjusted EBITDA dropped 14.8% to $116.8 million on higher costs and a legal settlement. The sale of its Ecuadorian port business closed, with expected net proceeds of ~$95 million.
Key Events · Earnings and Guidance · DOLE
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Revenue Up, Earnings Mixed
Revenue in Q2 2026 rose 2.9% to $2.50 billion, while net income attributable to Dole plc reached $26.0 million, up from $10.0 million in Q2 2025—a period that included a $35 million loss from discontinued operations. Adjusted EBITDA, however, declined 14.8% to $116.8 million.
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Cost Pressures Hit Fresh Fruit
Adjusted EBITDA for the Fresh Fruit segment fell 30.9% to $50.3 million, reflecting higher fruit sourcing costs, elevated shipping expenses tied to fuel prices, adverse weather that reduced pineapple supply, and a stronger Costa Rican Colón.
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Legal Settlement and Restructuring Costs
Selling, marketing, general and administrative expenses increased 19.4% to $148.4 million, including a non-recurring charge for the settlement of a historical legal matter and restructuring costs.
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Port Sale Completed
The Port Sale Transaction closed on July 1, 2026, with gross proceeds of ~$180 million and expected net proceeds of ~$95 million after the Pre-Closing Ownership Restructuring and transaction costs.
Analysis · DOLE · Industrial Applications And Services
Dole's second-quarter 2026 results paint a mixed picture. Revenue grew 2.9% to $2.5 billion, yet Adjusted EBITDA fell 14.8% to $116.8 million, squeezed by higher fruit sourcing and shipping costs, adverse weather, and a one-time legal settlement charge. The Fresh Fruit segment bore the brunt, with Adjusted EBITDA tumbling 30.9%. On the brighter side, the Diversified Fresh Produce – Americas & ROW segment delivered robust growth, and the company completed the Port Sale Transaction, which is expected to generate net proceeds of about $95 million. The quarter also featured continued share buybacks and a steady dividend, but the earnings miss and persistent cost headwinds are likely to pressure the stock.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.2% of the 1644 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, DOLE was trading at $13.50 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $12.52 to $16.57. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.